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members urged caution in withdrawing stimulus to the economy prematurely. the fed policy board is expected to examine the effectiveness of its asset purchasing program more closely after its next meeting in march. housing construction is a key indicator of the health of u.s. economy. the number of permits for new construction rose for a third straight month. this suggested recovery in the housing market remains on track. department of commerce officials say housing starts last month came to 890,000 units. that's a decline of 8.5% from december. construction of condos and other multifamily tumbled 26%. the drop was enough to offset a rise. housing permits rose 1.8% from december. that's the highest level since june 2008 before the start of the global financial crisis. let's get a check on tokyo markets. first taking a look at stocks. market sentiment is damaged. the nikkei is trading at 11,423. sources say investors are selling export related issues to take profits after recent gains. moving onto currencies now. the fed minute that hint at scaling back monetary easing has led to dollar buyi
. ai joins us from the business desk. >> major economies embark on similarly bold monetary easing measures just as japan. it works to weaken all of their asor japan a report from the international monetary fund dismisses worries that japan's monetary easing could lead to a global currency war. the concerns are overstated. the report states the recent move in the currency market is correcting the excessively strong yen. it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said th
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